Why is it that we have to fill out a credit app for a supply house, but we don't make our customers(mainly GC's) do the same?
All we need is who is your Plumber, HVAC, Painter, etc. Then call them and find out how long they've worked for the guy and how he pays. If they all say this is the first or second job or the guy slow pays, then this would be a big red flag!
The main reason we don't is that we know there are 10 other EC's waiting for the job. And the contractor knows this also. Recently I've been doing this in an informal way by just asking who the other subs are without a formal application and calling. I'm looking for GC's that have long track records with their subs and I don't want to bother with the GC's that change subs every other job either for a lower price or bad pay.
I would also be interested in a network that subs and GC's could participate in to rate each other as to payment for the GC and for reliability and qulity for the sub.
